Albany International Corporation (AIN)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,230,620 | 1,147,910 | 1,034,890 | 929,240 | 900,610 |
| Property, plant and equipment | US$ in thousands | — | — | 445,658 | 436,417 | 448,554 |
| Fixed asset turnover | — | — | 2.32 | 2.13 | 2.01 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,230,620K ÷ $—K
= —
Albany International Corporation's fixed asset turnover has shown a consistent upward trend over the past few years. The ratio increased from 2.01 in 2020 to 2.32 in 2022. This indicates that the company generated $2.32 in revenue for every dollar invested in fixed assets in 2022. However, there is missing data for 2023 and 2024, which makes it difficult to assess the trend in the more recent years. Overall, the increasing trend in fixed asset turnover suggests that Albany International Corporation has been effectively utilizing its fixed assets to generate sales revenue, which is a positive indicator of operational efficiency.